Oil in perspective
Let's just imagine there is a war in Iraq next month. Here is the 10-month average production in barrels-per-day of the global oil supply:
United States: 9,051
Persian Gulf: 18,837
Organization of Arab Petroleum Exporting Countries: 19,501
OPEC: 28,009
Total Worldwide: 75,545
That means 24.9 percent of the daily oil production in the world will be directly in the line of fire. This is another reason to worry about the cost of doing business in 2003.
Posted by Mitch Ratcliffe at December 31, 2002 01:55 PM | TrackBack